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Wasatch Core Growth Fund

Ticker WIGRX
NAV As of 12/06/19 $79.33
Daily Change As of 12/06/19 $0.52 / 0.66%
Wasatch Core Growth Fund
Ticker WIGRX
NAV $79.33
Daily Change $0.52 / 0.66%
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Fund Overview

Objective

Long-term growth of capital

Highlights
  • A fundamental research-driven portfolio of high-quality companies
  • Core: highest-quality stable growth companies
  • Most valuation sensitive Wasatch growth fund
Investment Approach

We use a bottom-up approach that seeks to identify companies with outstanding long-term growth potential. We look for companies with:

  • Strong financials
  • Defensible business models
  • Industry-best management teams
  • Earnings growth in good and bad economic environments

Primarily invests in U.S. companies with market caps of less than $5 billion at the time of purchase

Approximately 40-60 positions

Fund Managers
JB Taylor JB Taylor Lead Portfolio Manager
19 years on fund
23 years at wasatch
Paul Lambert Paul Lambert Portfolio Manager
14 years on fund
19 years at wasatch
Mike Valentine Mike Valentine Portfolio Manager
2 years on fund
3 years at wasatch
35 Cumulative PM years on fund

We search for companies with defensible business models and great management teams. We believe these companies can grow at superior rates through both good and bad economic environments.”

—JB Taylor, Lead Portfolio Manager

Performance

Average Annual Total Returns AS OF 09/30/19 AS OF 11/30/19
Quarter-End Month-end
1 Month
3 Month
ytd
1 yr
3 yr
5 yr
10 yr
Since
Inception
Core Growth Fund
5.83%
8.05%
31.53%
15.10%
16.53%
12.72%
15.50%
12.43%
Russell 2000® Index
4.12%
9.08%
22.01%
7.51%
8.57%
8.22%
12.38%
9.32%
Russell 2000® Growth Index
5.89%
8.01%
25.61%
10.93%
12.15%
9.48%
13.68%
8.05%

Returns for periods less than one year are not annualized. Data shows past performance and is not indicative of future performance. Current performance may be lower or higher than the data quoted. Investment returns and principal value will fluctuate and shares, when redeemed, may be worth more or less than their original cost. The Advisor may absorb certain expenses, leading to higher total shareholder returns. Wasatch Funds will deduct a 2% redemption fee on Fund shares held 60 days or less. Performance data does not reflect this redemption fee or taxes. Total Expense Ratio: Institutional Class 1.08%. The Advisor has contractually agreed to limit certain 1.05% through at least 1/31/2020.

Performance for the Institutional Class prior to 2/1/2016 is based on the performance of the Investor Class.

Growth of Hypothetical Investment to 09/30/19
Core Growth Fund
Russell 2000® Index

The hypothetical chart does not reflect the deduction of fees, sales charges, or taxes that you would pay on fund distributions or the redemption of fund shares.

Calendar Year Returns (%) As of 12/31/18
Core Growth Fund
Russell 2000® Index

Portfolio

Characteristics AS OF 09/30/19
Fund
Index
Number of Holdings
56
2003
Average Market Cap
($ Weighted)
$5.15 b
$2.22 b
Median Market Cap
$3.52 b
$726 m
EPS Growth (%, est. 5 yr)
16%
13%
P/E (Forward)
24
15
Portfolio Turnover (%)
31.47
n/a
Active Share (%)
97
n/a
Performance Statistics AS OF 09/30/19
5 yr
Alpha
5.63
Beta
0.85
R-Squared
0.88
Standard Deviation
14.61
Upside Capture
104.49
Downside Capture
84.34
Top 10 Holdings AS OF 09/30/19
Company
% of Net Assets
Pool Corp.
3.3%
Trex Co., Inc.
3.3%
RBC Bearings, Inc.
3.2%
Tyler Technologies, Inc.
3.2%
Balchem Corp.
3.1%
ICON plc
3.1%
Monro, Inc.
2.8%
InterXion Holding N.V.
2.7%
Guidewire Software, Inc.
2.4%
Euronet Worldwide, Inc.
2.4%
56 Number of holdings
97% Active share
Sector Allocation AS OF 09/30/19
Sector
Fund
Index
Industrials
26.5%
16.1%
Information Technology
26.1%
13.4%
Consumer Discretionary
14.5%
11.1%
Health Care
13.0%
16.2%
Financials
12.5%
18.2%
Materials
5.3%
3.8%
Real Estate
2.2%
8.2%
Cash & Cash Equivalents*
-0.1%
0.0%
Utilities
0.0%
4.1%
Energy
0.0%
3.3%
Consumer Staples
0.0%
3.0%
Communication Services
0.0%
2.4%
Country Allocation AS OF 09/30/19
Fund (%)
Developed
98.7
United States
91.6
Ireland
3.1
Netherlands
2.6
United Kingdom
1.4
Emerging & Frontier
1.3
India
1.3
91.6% United States

Commentary & Literature

News & Updates

Wasatch Advisors Rebrands as Wasatch Global Investors

September 24, 2019

Salt Lake City, Utah, September 24, 2019—Independent investment manager Wasatch Advisors has…

Read More >

Distributions

Record Date
Payable Date
Income
Short-Term Gain
Long-Term Gain
Total Per Share
Reinvest Price
12/19/18
12/20/18
--
--
$ 6.056789
$ 6.056789
$ 59.000000
12/26/17
12/27/17
--
--
$ 4.266203
$ 4.266203
$ 68.850000
12/27/16
12/28/16
$ 0.027782
--
$ 0.090236
$ 0.118018
$ 58.770000
12/28/15
12/29/15
--
--
$ 6.722457
$ 6.722457
$ 54.060000
12/26/14
12/29/14
--
--
$ 1.440830
$ 1.440830
$ 57.970000
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Historical Distributions and NAVs Select start and end dates
to:

Important Disclosures

Investing in small or micro cap funds can be more volatile and loss of principal could be greater than investing in large cap or more diversified funds.  Investing in foreign securities, especially in emerging and frontier markets, entails special risks, such as currency fluctuations and political uncertainties, which are described in more detail in the prospectus.

The Russell 2000 Index represents the smallest 2,000 companies in the Russell 3000 Index, ranked by total market capitalization.

The Russell 2000 Growth Index measures the performance of Russell 2000 Index companies with higher price-to-book ratios and higher forecasted growth values.

All rights in the Russell Indexes vest in the relevant London Stock Exchange Group plc (collectively, the “LSE Group”), which owns these indexes. Russell® is a trademark(s) of the relevant LSE Group company and is used by any other LSE Group company under license. These indexes are calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Fund or Separate Account. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Fund or Separate Account or the suitability of these indexes for the purpose to which they are being put by Wasatch Global Investors.

You cannot invest directly in any index.

Morningstar Rating:
The Morningstar Rating for funds, or 'star rating', is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed end funds, and separate accounts) with at least a 3-year history. Exchange–traded funds and open ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10 year (if applicable) Morningstar Rating metrics. The weights are 100% 3-year rating for 36-59 months of total returns, 60% 5 year rating/40% 3-year rating for 60-119 months of total returns, and 50% 10 year rating/30% 3-year rating/20% 3 year rating for 120 or more months of total returns. While the 10 year overall rating formula seems to give the most weight to the 10 year period, the most recent 3–year period actually has the greatest impact because it is included in all 3 rating periods. The Fund was rated 4, 5 and 5 stars against 566, 506 and 382 funds in the category for the for the 3-, 5- and 10-year periods, respectively. The Fund’s other share class may have different performance characteristics. Past performance is no guarantee of future results. 2019 © Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Est. 5-year EPS Growth %: Estimated percentage increase in earnings per share (EPS) per year of the fund’s holdings over the next 5 years. Returns are not guaranteed and may be higher or lower. Source: Wasatch and FactSet. P/E Ratio (forward and trailing): Sum of stock prices of the fund’s holdings divided by the aggregate earnings per share of those holdings for the next 12 months (forward), or past 12 months (trailing), calculated as a weighted harmonic average. P/E to Growth Rate: Forward 12-month P/E ratio divided by the estimated 5-year EPS growth rate. Portfolios with a number less than 1.0 would be considered undervalued, around 1.0 would be considered fair valued and significantly greater than 1.0 would be considered overvalued. Weighted Average Market Cap: Average market capitalization of companies held by the fund, weighted by their percentage of fund net assets. Portfolio Turnover: A measure of trading activity in a fund’s portfolio over the past 12 months expressed as a percentage of the fund’s average total assets. Alpha measures a fund’s risk/reward potential. A positive alpha means the fund outperformed the index. A negative alpha means the fund underperformed the index. Beta measures a fund’s risk in relation to the market. A beta of 0.8 means the fund’s total return is likely to move up or down 80% of the market change; 1.25 means total return is likely to move up or down 25% more than the market. R-Squared measures (from 0 to 1.0) how closely a fund’s movements are correlated with movements of its benchmark. An R-squared of 1.0 would mean that the fund’s movements are completely correlated with the movements of its benchmark. Active Share measures the difference between portfolio holdings and the benchmark. It is the sum of the absolute values of the different weightings of each holding in the fund versus each holding in the benchmark, divided by 2. Standard Deviation measures the degree to which a fund’s performance has varied from its average performance over a particular time period. The greater the standard deviation, the greater a fund’s volatility (risk). Upside Capture explains how well a fund performs in time periods where the benchmark’s returns are greater than zero. Downside Capture explains how well a fund performs in time periods where the benchmark’s returns are less than zero.

Fund holdings are subject to risks and may change at any time. References to specific securities should not be construed as recommendations by the Fund or its Advisor.

Wasatch Funds are distributed by ALPS Distributors, Inc.

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